GSTN Notifies Deferment of the Implementation of Time Limit on Reporting Old e-Invoices

GSTN Notifies Deferment of the Implementation of Time Limit on Reporting Old e-Invoices

The Goods and Service Tax Network (GSTN) has has issued advisory for the deferment of the implementation of a time limit on reporting old e-invoices.

GSTN has issued an update to inform that the competent authority has decided to defer the imposition of time limit of 7 days on reporting old e-invoices on the e-invoice IRP portals for taxpayers with aggregate turnover greater than or equal to 100 crores by three months.

To ensure timely compliance, taxpayers in this category will not be allowed to report invoices older than 7 days from the date of reporting. The restriction applies to all document types for which IRN is to be generated. Thus, once issued, the credit / Debit note will also have to be reported within 7 days.

For example, if an invoice has a date of April 1, 2023, it cannot be reported after April 8, 2023. The validation system built into the invoice registration portal will disallow the user from reporting the invoice after the 7-day window.

Hence, it is essential for taxpayers to ensure that they report the invoice within the 7-day window provided by the new time limit.

The Advisory can be accessed at: https://www.gst.gov.in/newsandupdates/read/582